Risktec Solutions

Understanding change

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Courtesy of Risktec Solutions

In an ever changing world the challenge of managing risk can appear daunting. Whatever the ‘badge’ of the current
initiative (business process reengineering, lean enterprise, e-business, right sizing, succession planning, etc.) the result is change; to what the business does and how it does it. These changes, if not effectively managed, can undermine the risk management process and erode the resilience of organisations and their ability to deal with unplanned incidents and events. An organisation may believe it has good risk management controls in place but changes may have removed or
undermined them.

In order for risk controls to be effective they must be maintained and managed, which requires competent personnel.
Organisations have a responsibility to their stakeholders to ensure that they are, and remain, competent to operate,
particularly in the area of public and personnel safety where there are legal obligations to be met.

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